Dubai ruler issues decree on tax rules

Dubai ruler issues decree on tax rules

  DUBAI - His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued a new decree on executive rules regarding tax procedures. The Dubai ruler also issued a decree stipulating the tax value to be imposed on products subject to excise tax. The UAE began implementing excise tax on October 1. Excise tax According to the UAE government portal, excise tax will be levied on "unhealthy and harmful commodities" to discourage people from consuming them. The tax on these products can also generate additional revenue for the government to improve public services.  Excise tax rates The UAE has set the excise tax rates as follows: · 50 percent for carbonated drinks · 100 percent for tobacco products · 100 percent for energy drinks. Excise goods Carbonated drinks, excluding aerated water, are considered excise goods. Carbonated drinks can be in the form of concentrations, powder, gel, or extracts intended to be made into an aerated beverage. Energy drinks are also considered excise goods and contains caffeine, taurine, ginseng and guarana. Tobacco and tobacco products are also considered excise goods.

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